looking for financing solution for foreign investor - 50% ltv

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looking for financing solution for foreign investor - 50% ltv

Dani Beit-Or
Investor · Irvine, CA · Member since 2009 · 261 posts · 183 votes

Hi,

I work with many foreigners that are looking to buy in the USA, mostly SFH in different parts of the country.

Banks won't lend them, even on a 50% LTV.

Do you have any suggestion where to turn to?

Is anyone interested to get involved as a private money lender?

50% LTV makes it very safe for the lender, loan can be for few years, higher then market rates (but not hard money), some upfront points, etc.

Any ideas/suggestion? :cool: :cool:

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  • Rich Weese
    Real Estate Investor · the villages, FL · Member since 2008 · 5k+ posts · 3k+ votes
    17y

    I did some of these in S. TX. They were either short amortized loans (less than 5 years) or 3 yr balloons with 10 yr amort. Most foreighners I dealt with had no problem coming up with the monthly or weekly payments. It was the qualifying here that caused them problems. The rate was high and there were points up front. Rich.

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  • Jarek L.
    Macclesfield, Cheshire · Member since 2009 · 22 posts · 0 votes
    17y

    Hello Rich

    Would you be willing to explain it in details.
    What role in the whole process did you play?
    Were you the actual lender?
    What interest was applied?
    I'm looking for a lender in the US that would be willing to lend 50% of the value of purchased property for a foreign investor.
    Any clues on how it could be done?

    Thanks

    Jarek

    0Reply
  • Sergio De anda
    Private Money Lender · San Diego, CA · Member since 2009 · 5 posts · 0 votes
    17y

    My company lends to foreign nationals up to 60% but only in Ca.

    We typically want to see 3 months bank statements even if they are from a foreign bank

    0Reply
  • Dani Beit-Or
    OP
    Investor · Irvine, CA · Member since 2009 · 261 posts · 183 votes
    17y

    Sergio,
    If you start doing outside CA please let me know.
    Thanks
    Dan

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  • Dave Rossman
    Real Estate Consultant · Miami, FL · Member since 2009 · 31 posts · 3 votes
    17y

    Dan,

    I have done many FN deals, I arrange commercial & residential debt for investment properties, let me know if I may help.

    Best of Luck,

    Dave

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